Philippines Switzerland

2017 1,940,000 1,260,000

2016 1,300,000 1,200,000
2015 1,600,000 1,500,000
4,840,000 3,960,000
%
Income within 4,840,000 55%
Income without 3,960,000 45%
Total gross income 8,800,000

Dividend income within = P150,000 x 55% P82,500

Requirement 1
Gross income, Philippines P200,000
Less: Expense, Philippines 20,000
Unallocated expenses pro-rated
(P200,000/P500,000) x P50,000 20,000
Taxable income P160,000

Requirement 2
Gross Income, Philippines P200,000
Gross Income, US 300,000 P500,000
Less: Expenses, Philippines P20,000
Expenses, US 30,000 50,000
Unallocated expenses 50,000 100,000
Taxable income P400,000

Requirement 1 (Domestic)
Gross income, Philippines P400,000
Gross income China 100,000 P500,000
Less: Deductions
Expenses, Philippines 250,000
Expenses, China 50,000
Unallocated expenses 60,000
Interest expense, China 25,000
Interest expense, Philippines 50,000
Interest expenses, both 40,000 475,000
Taxable income P 25,000
Multiply by: Tax rate 30%
Income tax due P 7,500

Requirement 2 (Resident Foreign)

Gross income, Philippines P400,000
 Less: Deductions
Expenses, Philippines 250,000
Unallocated expenses
(400,000/500,000) x 60,000 48,000
Interest expense, Philippines 50,000
Interest expenses, both
(400,000/500,000) x 40,000 32,000 380,000
Taxable income P 20,000
Multiply by: Tax rate 30%
Income tax due P 6,000

Requirement 3 (Nonresident Foreign)

Gross income, Philippines P400,000
Multiply by: Tax rate 30%
Final Tax P120,000